STERBOS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
STERBOS
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€26,919
2024 · €17,602+€9,317
Equity
€6.0m
2024 · €5.9m+€26,919
Cash
€147,440
2024 · €52,774+€94,665
Balance sheet total
€17.3m
2024 · €6.0m+€11.4m
Largest movements
Assets
- Financial fixed assets +€11.3m
new in 2025: €11.3m
Equity and liabilities
- Debts after one year +€10.2m
new in 2025: €10.2m
of which Financial debts: +€5.8m
- Current portion of long-term debt +€1.1m
new in 2025: €1.1m
Income statement
- Gross operating margin +€18,673
up €18,673 (+26.1%), from €71,643 to €90,317
- Taxes +€3,530
up €3,530 (+60.4%), from €5,841 to €9,371
- Financial charges +€1,559
up €1,559 (+959.7%), from €162 to €1,722
- Depreciation +€1,554
up €1,554 (+5.0%), from €31,243 to €32,797
- Financial income -€1,466
down €1,466 (-24.8%), from €5,910 to €4,444
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€17,602
Gross operating margin
+€18,673
Staff costs
-€543
Depreciation
-€1,554
Other operating charges
-€704
Financial income
-€1,466
Financial charges
-€1,559
Taxes
-€3,530
Result 2025
€26,919
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€113,924
Investment
-€11.3m
Financing
+€11.3m
Cash 2024
€52,774
From operations (derived)
+€113,924
Net result for the year
+€26,919
Depreciation
+€32,797
Smaller working-capital items
+€54,208
Investment (derived)
-€11.3m
Investment in fixed assets (net)
-€11.3m
Financing
+€11.3m
Debts after one year
+€10.2m
Current portion of long-term debt
+€1.1m
Cash 2025
€147,440
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,951,867 | €17,348,173 | +€11.4m | +191.5% |
| Fixed assets | 21/28 | €5,502,348 | €16,818,810 | +€11.3m | +205.7% |
| Tangible fixed assets | 22/27 | €5,502,348 | €5,488,810 | -€13,538 | -0.2% |
| Land and buildings | 22 | €5,497,678 | €5,470,428 | -€27,250 | -0.5% |
| Plant, machinery and equipment | 23 | €750 | €11,278 | +€10,528 | +1404.0% |
| Furniture and vehicles | 24 | €3,921 | €7,104 | +€3,183 | +81.2% |
| Financial fixed assets | 28 | - | €11,330,000 | +€11.3m | |
| Current assets | 29/58 | €449,519 | €529,363 | +€79,845 | +17.8% |
| Amounts receivable within one year | 40/41 | €387,814 | €374,350 | -€13,464 | -3.5% |
| Trade receivables | 40 | - | €434 | +€434 | |
| Other amounts receivable | 41 | €387,814 | €373,915 | -€13,899 | -3.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €52,774 | €147,440 | +€94,665 | +179.4% |
| Deferred charges and accrued income | 490/1 | €8,930 | €7,574 | -€1,356 | -15.2% |
| Total equity and liabilities | 10/49 | €5,951,867 | €17,348,173 | +€11.4m | +191.5% |
| Equity | 10/15 | €5,947,592 | €5,974,511 | +€26,919 | +0.5% |
| Contributions | 10/11 | €4,775,919 | €4,775,919 | = | 0.0% |
| Capital | 10 | €4,775,919 | €4,775,919 | = | 0.0% |
| Issued capital | 100 | €4,775,919 | €4,775,919 | = | 0.0% |
| Reserves | 13 | €1,171,673 | €1,198,592 | +€26,919 | +2.3% |
| Non-distributable reserves | 130/1 | €577,592 | €577,592 | = | 0.0% |
| Legal reserve | 130 | €577,592 | €577,592 | = | 0.0% |
| Distributable reserves | 133 | €594,081 | €621,000 | +€26,919 | +4.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,275 | €11,373,662 | +€11.4m | +265959.9% |
| Amounts payable after more than one year | 17 | - | €10,215,000 | +€10.2m | |
| Financial debts | 170/4 | - | €5,825,000 | +€5.8m | |
| Other amounts payable | 178/9 | - | €4,390,000 | +€4.4m | |
| Amounts payable within one year | 42/48 | €4,275 | €1,158,662 | +€1.2m | +27004.2% |
| Current portion of amounts payable after more than one year | 42 | - | €1,115,000 | +€1.1m | |
| Trade debts | 44 | €3,055 | €28,626 | +€25,571 | +837.0% |
| Suppliers | 440/4 | €3,055 | €28,626 | +€25,571 | +837.0% |
| Taxes, remuneration and social security | 45 | €1,220 | €14,978 | +€13,758 | +1128.0% |
| Taxes | 450/3 | - | €13,706 | +€13,706 | |
| Remuneration and social security | 454/9 | €1,220 | €1,272 | +€52 | +4.3% |
| Other amounts payable | 47/48 | - | €58 | +€58 | |
| Remuneration, social security and pensions | 62 | €8,460 | €9,003 | +€543 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,243 | €32,797 | +€1,554 | +5.0% |
| Other operating charges | 640/8 | €14,245 | €14,949 | +€704 | +4.9% |
| Gross operating margin | 9900 | €71,643 | €90,317 | +€18,673 | +26.1% |
| Operating profit (loss) | 9901 | €17,695 | €33,568 | +€15,873 | +89.7% |
| Financial income | 75/76B | €5,910 | €4,444 | -€1,466 | -24.8% |
| Recurring financial income | 75 | €5,910 | €4,444 | -€1,466 | -24.8% |
| Financial charges | 65/66B | €162 | €1,722 | +€1,559 | +959.7% |
| Recurring financial charges | 65 | €162 | €1,722 | +€1,559 | +959.7% |
| Profit (loss) for the period before taxes | 9903 | €23,443 | €36,290 | +€12,848 | +54.8% |
| Income taxes | 67/77 | €5,841 | €9,371 | +€3,530 | +60.4% |
| Profit (loss) for the period | 9904 | €17,602 | €26,919 | +€9,317 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,602 | €26,919 | +€9,317 | +52.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.